Insurance Companies / Brokers?

[zcacogp]

Quickie, 

 

Can anyone recommend a good insurance company or (better) broker? 

The reason I ask is that I have been covered through Lockton who have historically been very good, but their price has increased by over £100 this year. A quick look at the screenscrapers (not that I'd recommend them) is throwing up quotes about half of what Lockton want. 

Who do you use for insurance and would you recommend them? 

(Reference: 48 years old, live in a safe area, car is in a locked garage, NCB longer than your arm etc etc etc). 

Thanks! 

[½cwt]

Site sponsor - A-Plan...

Next year you'll be eligible for a SAGA policy, mine was only £149 this last year with them 8k miles and European use kept on a drive in a 'safe' area.

Edited July 14, 2022 by ½cwt

[And.rs1800]

A plan 

got the Porsche with them and also recently insured my modified R53 mini with them.

[Paul P]

Define good ?

if good == cheap then chase to the bottom line. 
 

if good == value then work out what matters to you - guaranteed factory replacement parts, track day cover, agreed valuation, extra drivers, euro cover etc.  whatever is your thing. Then find a company that provides it and and make sure the words they publish  makes sense to you in every direction  

insurance companies roll the dice to make their business model work so if you line up for a 2k claim then that’s offset against the 500 quid they took from 40 people or whatever the maths is for does/does not make a claim  

none of them are your friend   Some understand they are a service provider and try at least to provide that   

Personal experience   I asked a well known and often discussed broker a simple question “if I need a windscreen will I be able to have upon factory original glass without extra cost”

6 times I asked   Typical answer was “we use auto glass or auto windscreens”  , question of who made it rather then who fitted it was too hard to answer   Closest I got was “yeah   I asked the underwriter and they said it would probably be ok “

me  I would pay the 100 quid more for a documented straight answer to a simple question. 

and despite claims that “all insurance brokers have to ask basic questions” it still remains that only one “specialist Porsche broker” needed to ask “is your boxster 4 door and is it diesel?” 

minefield   

 

[TV8]

Living in south London, I have given up with the classic car type policies. They don't like business use or allow me to park on road or on the driveway. The Boxster and 996 have been with Churchill for 4 or 5 years and it is very competitive, use the car how I want and park where I want and the only thing they don't include is European Breakdown cover but you can buy that if you need or want it.

[And.rs1800]

14 hours ago, Paul P said:

Define good ?

if good == cheap then chase to the bottom line. 
 

if good == value then work out what matters to you - guaranteed factory replacement parts, track day cover, agreed valuation, extra drivers, euro cover etc.  whatever is your thing. Then find a company that provides it and and make sure the words they publish  makes sense to you in every direction  

insurance companies roll the dice to make their business model work so if you line up for a 2k claim then that’s offset against the 500 quid they took from 40 people or whatever the maths is for does/does not make a claim  

none of them are your friend   Some understand they are a service provider and try at least to provide that   

Personal experience   I asked a well known and often discussed broker a simple question “if I need a windscreen will I be able to have upon factory original glass without extra cost”

6 times I asked   Typical answer was “we use auto glass or auto windscreens”  , question of who made it rather then who fitted it was too hard to answer   Closest I got was “yeah   I asked the underwriter and they said it would probably be ok “

me  I would pay the 100 quid more for a documented straight answer to a simple question. 

and despite claims that “all insurance brokers have to ask basic questions” it still remains that only one “specialist Porsche broker” needed to ask “is your boxster 4 door and is it diesel?” 

minefield   

 

You are only going to find out exactly how good they are when you make a claim.

 All I can say is I wouldn’t use Adrian flux if it was free!!

 My nephew had such a hard time with them when he had a non fault claim-despite having legal cover they simply did not want to know(third party was disputing liability)

all flux were interested in was getting him a hire care through their subsidiary company at ridiculous rates,and he would have been on the hook if claim had eventually gone against him!

 Fortunately his car was still drivable so he put up with a smashed in door for nearly a year until eventually it was sorted in his favour.

[dpg123]

6 minutes ago, TV8 said:

Living in south London, I have given up with the classic car type policies. They don't like business use or allow me to park on road or on the driveway. The Boxster and 996 have been with Churchill for 4 or 5 years and it is very competitive, use the car how I want and park where I want and the only thing they don't include is European Breakdown cover but you can buy that if you need or want it.

I called A Plan for my Macan Turbo (SW London) and they couldn't even quote me on it - not a single one of their underwriters was willing to give it cover.

[TV8]

4 minutes ago, dpg123 said:

I called A Plan for my Macan Turbo (SW London) and they couldn't even quote me on it - not a single one of their underwriters was willing to give it cover.

I better you are nearer F than A in the risk register and have a * for good measure. We went from C to D* and premiums went up a lot, no modifications and parking restrictions etc. 

https://www.theclayclothcompany.co.uk/car-insurance-post-code-ratings.html

[dpg123]

39 minutes ago, TV8 said:

I better you are nearer F than A in the risk register and have a * for good measure. We went from C to D* and premiums went up a lot, no modifications and parking restrictions etc. 

https://www.theclayclothcompany.co.uk/car-insurance-post-code-ratings.html

correct! F*

[½cwt]

1 hour ago, TV8 said:

I better you are nearer F than A in the risk register and have a * for good measure. We went from C to D* and premiums went up a lot, no modifications and parking restrictions etc. 

https://www.theclayclothcompany.co.uk/car-insurance-post-code-ratings.html

Never seen that listing before.  Glad, and very much surprised, I'm in an A.

[Ninesomething]

On 7/14/2022 at 1:13 PM, ½cwt said:

Site sponsor - A-Plan...

Next year you'll be eligible for a SAGA policy, mine was only £149 this last year with them 8k miles and European use kept on a drive in a 'safe' area.

Interesting. I always use Saga because of the Euro cover but I never get a decent quote for the boxster. May try them again this year.

[TV8]

5 hours ago, dpg123 said:

correct! F*

Sorry to hear that. We got reclassified and starred at the same time and the difference was huge!

[944GS]

I just went with Esure when I bought the Boxster last year as it was easy to do quickly when viewing the car at the sellers house, £134 and parked on the street.

I’ve never seen that postcode list before but I’m in D* but not sure how much difference that makes as I don’t expect to find it much cheaper than I paid.

[zcacogp]

Guys, 

Thanks for the suggestions. 

Lockton (current insurer) have quoted me just over £600 for the 987 Cayman and a 944 which is currently SORN (i.e fire and theft cover only, although any thief who reassembles it enough to push it out of the garage is doing well!) 

A Plan quoted me £460 for just the Cayman. 

The screenscrapers (MoneySupermarket, Compare the Market etc) are coming in just under £300 for the Cayman. 

I am seriously tempted to check the details of the cheaper companies carefully and go with one of them. 

Thanks again for your help. 

[½cwt]

Look up their reputation as well as price.  At the end of the day most of us have cover we don't claim on so it meets the criteria almost regardless of what happens, it is only when you need to claim that you discover whether the premium was good value.

[zcacogp]

Yes, I think that's about it; you can get a 'check box' insurance policy for not very much but you only find out how good it is when or if you come to claim. 

FWIW I went back to Lockton and did a bit of haggling and tweaked the mileage. We're in the mid-£500's now which I'm happy(ish) with. I guess that's for two Porsches, European breakdown cover and excellent service (as I found out when someone made a malicious allegation a couple of years ago). 

Thanks for your help chaps. 

[dpg123]

On 7/15/2022 at 4:52 PM, dpg123 said:

correct! F*

By way of update, I went through all the comparison sites and the cheapest I could find for the Macan was around £700 for fairly basic cover. My renewal from Ford Insure (not sure how I ended up with Ford Insurance on a Porsche) was nearly £900. Last years premium was around £600 but was very comprehensive. I decided to call Ford Insure and do some haggling. I have never succeeded at this with an insurance company, but lo and behold, they immediately dropped the price to £550! Result - happy with that.

[deanmr2]

1 hour ago, dpg123 said:

By way of update, I went through all the comparison sites and the cheapest I could find for the Macan was around £700 for fairly basic cover. My renewal from Ford Insure (not sure how I ended up with Ford Insurance on a Porsche) was nearly £900. Last years premium was around £600 but was very comprehensive. I decided to call Ford Insure and do some haggling. I have never succeeded at this with an insurance company, but lo and behold, they immediately dropped the price to £550! Result - happy with that.

I always enjoy a haggle with insurance companies and have nearly always found that if you ask for a ‘loyalty’ discount they usually oblige

[alank]

Have had my insurance with LV for past 2 years, My 2013  981S  is cheaper than my 2007 Golf  2.0 TDI.  Total price for both cars £ 480,  just over half of that is for the Golf. 

[Takahashi]

Im pretty sure Im with churchill now after getting F'd over by a porsche specialist, who I had an absolute nightmare with a few years back. Best insurance company I ever had was Direct line, 3 non fault accidents in one year, and they were great everytime ( that was a few years back though)